Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
USD/CHF: broken 'Triangle'
Information is not investment advice
The last 'Triangle' has been broken, but there's 'Thorn' pattern, so the market is going to test the nearest resistance 1.0023 and the Moving Averages. If a pullback from these levels happens next, there'll be an opportunity to have another decline towards the previously tested support at 0.9925, which means we could have a new local low shortly.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?